Bessent, US Treasury Secretary: "Oil could fall below $80 if inflation expectations stabilize"
Minseung Kang
Summary
- Scott Bessent, the US Treasury Secretary, was quoted as saying that global oil prices could drop well below $80 within the next few months.
- He added that if inflation expectations remain well anchored, oil prices could fall to levels far below $80 within a few months.
- The remarks were reported by ODaily, a digital-asset focused media outlet.
Forecast Trend Report by Period
Scott Bessent, the US Treasury Secretary, said global oil prices could drop well below $80 within the next few months.
According to ODaily, a digital-asset focused media outlet, on the 16th, Secretary Bessent said, "If inflation expectations remain well anchored, oil prices could fall to levels far below $80 within a few months."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
